Foundations for value and valuing processes

One major aspect of the digital coding of information is that the marginal cost of duplicating information is very low, while the cost of producing meaningful information is still high. While this is not totally new (it was already present with analogue large-scale reproduction techniques) it obviously challenges the economical thinking with regards to price formation and its relation with the foundations for value. The positions in presence range from claiming that the value of information is null (equal to the marginal cost of duplication) to claims (in debates on right ownership) that the value of each copy is « potentially » the value of the full set of copies of information. One of our speakers (Rishab Aiyer Ghosh) has claimed that value of information in a digital networked world can no longer be expressed by a market of repeated identical transactions, because it can be fixed only in the individual transaction in which someone accesses the information produced by someone else. But whatever is the foundation for value, if there is a new form of economy, this value will have to be mapped through a process to some reusable value equivalent.

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